Amendment to Exclusive License Agreement between Novacea, Inc. and Oregon Health & Science University (OHSU)
This letter amendment updates the terms of a 2001 exclusive license agreement between Novacea, Inc. and Oregon Health & Science University (OHSU) regarding technology for anticancer therapy. The amendment clarifies the definition and licensing of proprietary knowhow, adjusts royalty provisions, and updates references to legal proceedings. It also revises certain sections to reflect current practices and updates the patent status appendix. Both parties must sign to accept the changes.
EXHIBIT 10.24
Novel Therapies Improving Lives | 601 Gateway Blvd., Suite 800 South San Francisco, CA 94080 | |||
t: 650 ###-###-#### | ||||
f: 650 ###-###-#### www.novacea.com |
Confidential
November 21, 2005
Mr. Arundeep S. Pradhan
Director of Technology Research
Collaborations Oregon Health Sciences
University
Mail code: AD 120
2525 SW First Avenue, Suite 120
Portland, OR 97201
Re: Amendment to June 21, 2001 Agreement (OHSU Tech ID 413 License Amendment)
Dear Arun:
In going back through our files I realized that we have yet to finalize the changes to the June 27, 2001 Exclusive License Agreement (the Agreement) that have been discussed with your office over the course of the past year. More specifically:
Articles 1 and 3: As you know, [*] the Agreement lacks a definition of Knowhow and there is no express license to Novacea covering this unpatented data. As a result, weve proposed that Licensed Knowhow shall be included in the Article 2 Definitions and be defined as:
2.12
...all proprietary information, methods, processes, techniques, data and biologic materials (including, without limitation, pre-clinical and clinical data) which are in the possession of or controlled by OHSU during the term of this
Agreement, which OHSU is free to license or sublicense, and which is necessary or useful for the manufacture, use or sale of a Licensed Product in the Field or to practice any Licensed Process in the Field in the Licensed Territory. Except as otherwise expressly agreed by the parties, the license to Novacea of Licensed Knowhow set forth above shall not obligate OHSU to conduct additional research or otherwise initiate any action with respect to the creation of new Licensed Knowhow.
We would then revise Section 3.01 to add and Licensed Knowhow after the words Licensed Patent Rights in line three. We would also revise Section 3.04 to add and Licensed Knowhow after Licensed Patent Rights in lines three and four.
Section 5.01: Add Licensed Knowhow after the words Licensed Patent Rights in line three.
Section 5.02: While this clause may be appropriate in a license covering a proprietary composition of matter, it is problematic with respect to a method patent - as DN-101 lacks composition of matter coverage and can lawfully be manufactured anywhere. We would like to delete this.
Section 6.02(b): Pursuant to my discussions with Jessica Zeaske and Mary Foley, we have proposed that this sub-section be written as follows:
In the event that any Licensed Product or practice of Licensed Process incorporates other patent rights or rights in other intellectual property for which royalties are due by Licensee, then Licensee shall not be required to stack its royalty payments, and [*] percent ([*]%) of such royalties may be offset against earned royalties due to OHSU, provided that the amount to be paid under the paragraph 6.02(a) shall not be less than [*] percent ([*]%) of Net Sales of the Licensed Products or Licensed Processes.
Sections 11.02-11.04: Add reference to or interference proceedings following the references to infringement action to assure that Novaceas rights and responsibilities extend to such proceedings.
Appendix A: Updated to reflect current status.
If the foregoing if acceptable to you, please countersign the attached duplicate original of this letter and return it my attention. If you have any questions, please feel free to give me a call.
Regards,
/s/ Brad Goodwin |
Brad Goodwin |
CEO |
[*] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
Agreed this day of November, 2005
/s/ Arundeep S. Pradhan |
OREGON HEALTH AND SCIENCE UNIVERSITY
By: | Arundeep Pradhan |
Its: | Director, Technology & Research Collaborations |
CC: Paul Westberg (Novacea); Ed Albini (Novacea); Mary Foley, PhD (OHSU)
OHSU Tech ID 413 License Amendment | 11/8/2005 |
Appendix A
Patent Status for Technology Disclosure 413, Pulse Doses of Vitamin D and Analogues as Anticancer Therapyas of 11/8/2005
Patent Appl Type | Country | File Dat | Serial No. | Patent No | Patent Status | Legal Ref. | ||||||
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[*] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.